By Daniel Hunter

Scottish punters are set to pocket up to £10 million in winnings if the country votes 'Yes' in the independence referendum, according to Ladbrokes.

With just a few hours left of voting, the betting firm said 70% of bets placed in Scotland are backing a 'Yes' result, meaning the betting industry could be set for a multi-million pound payout if Scotland does vote for independence.

Despite the confidence in a breakaway as far as the majority of Scottish punters are concerned, large bets continue to roll in for a 'No' result with £20,000 staked by a customer in London at 1/5, the biggest of several five figure pro-union wagers struck in the run up to polling day.

With a result looming, political punters are also now speculating on the consequences for party leaders in the event of an unfavourable outcome. David Cameron is 4/1 to resign this year while Alex Salmond is 5/1 (at the time of writing) to hand in his notice within 48 hours of the result.

Alex Donohue of Ladbrokes said: "If it's a yes the bookies will definitely be funding the independence parties. Despite the betting continuing to favour a 'no' outcome, the vast majority of Scots punters are confident Salmond and co will defy the odds."

Yesterday (Wednesday), one of Ladbrokes' rivals, Betfair, revealed that it had already started paying out on 'No' bets, before voting had even begun.

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